Ethical Companies - 12021 Words

2011 World’s Most Ethical Companies The Ethisphere Institute, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, announced the official unveiling of the 2011 World’s Most Ethical Companies. This year’s honorees have gone above and beyond to prove business ethics are paramount to the success of a company’s brand and bottom line. In its fifth year, the World’s Most Ethical Companies recognizes organizations that promote ethical business standards and practices by exceeding legal minimums for compliance, introducing innovative ideas that benefit the public and forcing their competitors to follow suit.†¦show more content†¦Internet Zappos Media, Publishing and Entertainment Thomson Reuters Medical Devices Becton Dickinson Royal Phillips Metals Umicore Real Estate British Land plc Jones Lang LaSalle Unibail-Rodamco Restaurants and Cafes Starbucks Coffee Company Specialty Pharma Medicis Specialty Retail Best Buy Co. Hennes Mauritz Sonae Target Ten Thousand Villages Staffing Manpower Telecom Hardware Avaya Inc. Cisco Systems Juniper Networks Telecom Services Singapore Telecom Swisscom T-Mobile USA Transportation and LogisticsShow MoreRelatedThe Coca Cola Company Struggles With Ethical Crisis1174 Words   |  5 PagesCoca-Cola Company Struggles with Ethical Crisis The Coca-Cola Company has struggled with ethical problems since the beginning of the 1990’s. The company has been accused of discrimination, interest of conflicts, and channel stuffing. (O.C Ferrell, John Fraedrich, Linda Ferrell, 2011) The Coca-Cola Company is known as the world’s largest beverage company. The last ten years has been exceptional until the company struggled to meet its financial objectives and encountered a number of ethical crises (FerrellRead MoreCoca Cola Company Struggles With Ethical Issues Essay1502 Words   |  7 Pages The coca-cola company struggles with ethical issues Name Institution Coca-cola boasts of being the world’s largest beverage company serving approximately one billion customers daily. The most dominant products distributed by Coca-cola are Coke, Fanta, Sprite and Diet Coke. This strategy is aimed at ensuring that every customer gets satisfied whenever they use a Coca-cola brand. Coca-cola has large distributions across the globe making it the largest distributor in the world. The late Roberto GoizuetaRead MoreWalt Disney Company : An Ethical And Responsible Manner1446 Words   |  6 Pagessuccess of any corporation. It is important that rules are enforced in order to conduct business in both an ethical and responsible manner. At Walt Disney and Company, there are policies in place in order to protect employees and the conditions in which they work, and instruct employees on how to effectively do their job. On Disney’s official website, it is stated, â€Å"At The Walt Disney Company, our employees and cast members make the magic happen. We thrive to create an optimal employee experience whileRead MoreEstee Lauder Companies : Ethical Strategy Analysis9260 Words   |  38 Pages------------------------------------------------- Estee Lauder Companies ------------------------------------------------- Ethical Strategy Analysis Jennifer Isikwe Analysis of the Ethical Strategy of the Estee Lauder Companies I. Background Information A. Brief History B. Other Relevant Information (Industry, environment, etc) II. Analysis of the Ethical Strategy A. Stated Ethical Strategy 1. Philosophy section of the mission statement 2. Explicit statements about ethicsRead MoreThe Coca-Coca Company Struggles with Ethical Crises Essay1335 Words   |  6 Pages : â€Å"The Coca-Coca Company Struggles with Ethical Crises† HRM 522-Ethics and Advocacy for HR Professionals Abstract Since the late nineteenth century Coca-Cola has been a successful company. Coco-Cola went to war with its competitor PepsiCo throughout the 1990s as Coca-Cola expanded its market overseas. Its overseas sales increased to the point where over 85 percent of its sales came from outside of the United States (Ferrell, Fraedrich and Ferrell, 2011). As a consequence, the Coca-Cola brandRead MoreEthical Considerations At Hand It May Preserve The Company s Business And Reputation1807 Words   |  8 PagesThe intent of this paper is to critically analyze ethical considerations to support whether or not to report small errors to higher management. On the one hand it may preserve the company’s business and reputation; on the other hand it may affect potential advancement opportunities for the employee in question. The issue at hand is determining whether or not newly hired Ben should notify his supervisor and CFO of small errors found after sending the reports he created for them. Since this is aRead MoreEthical: Research and Manufacturing Company1065 Words   |  5 PagesEthical 1 Is it ethical for a manufacturing company that wishes not to be identified as the sponsor of a mail survey to invent the name of a fictitious research company and print the name on the letterhead paper used for the survey? I do not think it is ethical for a manufacturing company to invent a fictitious research company. I think 3 things that are not good can come from it. The first thing is the manufacturing company might not have the expertise in surveys. Second is there a point to theRead MoreThe Inherent Ethical Dilemma Of A Company988 Words   |  4 PagesThe inherent ethical dilemma that presents itself in this case is whether or not it is ethical to cut corners to make a profit. The management is aware of the issue, yet continues to allow the defective drives to be sold in order to attempt to appease the company’s new CEO. Is it ethical for a company to sell a defective product in order to avoid loss? The obvious IT component that lends itself to the circumstances of this case takes the form of the defective Hard Drives. However, there are manyRead MoreThe Ethical Issues Of An Industry ( Or Company )1494 Words   |  6 PagesAssignment 3 Identify two of the main ethical issues of your industry (or your company). Recall from the lecture that the ethical Issues of an industry (or company) are behaviors, practices, or policies (e.g., company policies) that are thought to occur in the industry, and that raise questions about their ethics or morality because 1) they involve behaviors that harm or could harm others or oneself (either directly or indirectly); 2) they involve behaviors that violate or appear to violate or haveRead MoreTransparency And Ethical And Unethical Companies1364 Words   |  6 PagesIn a world obsessed with profit and revenue, some companies forgo their morals for financial profit. These companies tend to operate with a lack of â€Å"transparency† on numerous levels: externally, in regards to how the business interacts with consumers; and internally, in regards to how management makes decisions and steer the company. In order to display the importance of â€Å"transparency,† one must k now how â€Å"transparency† works / what it is. Once this knowledge is established, incorporation and sustainment

The Changing of the Guard A Progressive Study of the...

The Changing of the Guard: A Progressive Study of the Privatization of Prisons Abstract Privatization of prisons is not exactly a novel concept. The Federal Government has been contracting out such things as the building of new prisons, the operating of prisons, and providing goods and services to prisons since 2003. Some of the companies that the government trusts to do all of this are Corrections Corporation of America, and The GEO Service Group, formerly known as Wackenhut. Although the government sees this step as a cost cutting measure, this change has not come without its problems also its detractors. Even so, privatization of prisons and the services it takes to operate them seems to be the way of the future for the corrections†¦show more content†¦During the late twentieth century, prisons once again hoped that they could support themselves and possibly even make a profit. The first public facility to be turned over to a private company was a secure treatment center for juvenile offenders that were violent. This transition occurred in 1976, and the number of institutions being run by private companies has increased at a rapid rate since that time. The Changing of the Guard: A Progressive Study of the Privatization of Prisons Statistics show that from 1995 – 2004, the number of inmates that were housed in private prisons rose from 12,534 to 98,791. Approximately seven percent of inmates are now housed in privately operated prisons in the United States. One major reason for the increase in privately operated prisons is that the private sector claimed that they could provide more services and better services at a lower cost than that of state operated prisons. In the 1980s when corrections started operating under the private sector, their claim of more and better for less did not appear to be accurate. According to Charles H. Logan who examined the costs of public versus private corrections in 1990 â€Å"Private prisons will notShow MoreRelatedPrison Reform Topic Paper : Prisons6604 Words   |  27 PagesPrison Reform Topic Paper Submitted By: Toni Nielson - CSU, Fullerton Unique Educational Opportunities Prisons are closed institutions. They are established and funded by governments to hold people against their will, but why punish (Zyl Smit, 2010)? What is the purpose of prison? This fundamental question stirs up a significant amount of debate. The government, citizens, educators, and even prisoners are divided about the right answers. There is disagreement in the US about the purpose ofRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 PagesBUSINESS ENVIRONMENT WHERE THE FAST DEVOUR THE SLOW Our work in helping to increase the profitability of many of the world’s major companies (as well as our database surveys of many other companies) has made it clear that all this complexity has been changing the fundamental dimensions of business strategy and the meaning of its implementation. These changes affect a broad range of decisions, including the following: ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  ââ€"  How to invest in technology How to lead meaningful human resourcesRead MoreOrganisational Theory230255 Words   |  922 Pagesa wide readership. Professor Stephen Ackroyd, Lancaster University, UK This new textbook usefully situates organization theory within the scholarly debates on modernism and postmodernism, and provides an advanced introduction to the heterogeneous study of organizations, including chapters on phenomenology, critical theory and psychoanalysis. Like all good textbooks, the book is accessible, well researched and readers are encouraged to view chapters as a starting point for getting to grips with theRead MoreStrategic Marketing Management337596 Words   |  1351 Pages119 120 128 136 139 149 153 159 165 167 169 169 170 174 182 188 192 202 214 215 221 223 223 230 236 241 246 248 250 251 255 261 4 Market and environmental analysis 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 Learning objectives Introduction: the changing business environment (or the new marketing reality) Analysing the environment The nature of the marketing environment The evolution of environmental analysis The political, economic, social and technological environments Coming to terms with the

Winstons Free Essays

Winston Lavendier October 13th, 2010 Advertisement essay This essay is on an advertisement for Nolan’s Cheddar Cheese â€Å"seriously strong†. This video had won the two thousand ten best television advertisement award. Basically this video is a mouse coming out of its mouse hole to encounter a rat trap with the Nolan’s Cheddar Cheese on it. We will write a custom essay sample on Winstons or any similar topic only for you Order Now So the mouse starts to eat the cheese, and after being about halfway done with the cheese, the rat climbs on top of the rat trap like it is on top of the world and the rat trap snaps. Then the video pans and it seems like the rat is going to die but all of a sudden the mouse starts to bench press the rat trap bar then the screen fades away and it says Nolan’s Cheddar Cheese â€Å"seriously strong†. What my point is in this essay is that two things that sell products and make good commercials is sex and funny. If you have one or more of these in your commercials then it will turn out good. But now a days most commercials sell on sex. Because if they deceive the viewer into to thinking they can get some then they will win them over and buy their product. This commercial that I am writing about is not about sex. But it does deceive the viewer like any other good commercial. By showing the viewer that if you eat Nolan’s Cheddar Cheese then you will be incredibly strong. And get your self out of death by using the muscle you just gained from eating Nolan’s Cheddar Cheese. With the way all of these television commercials have been going lately they all advertise about sex from deodorant to shampoo to alcohol to any kind of product. Bottom line is that they all try and do one thing and one thing only. That is to device the viewer into buying their products. What I like about this commercial is that it does not have anything to do with sex in it but yet it can still sell a product and win the two thousand ten best television advertisement award and yet get the job done of deceiving the viewer. How to cite Winstons, Papers

Contingent Capital With Option To Convert -Myassignmenthelp.Com

Question: Discuss About The Contingent Capital With Option To Convert? Answer: Introduction The preparation and presentation of the financial report of companies is known as corporate accounting. The financial reports are made up of various statements such as directors report, statement of profit and loss account, balance sheet and cash flow statements. These reports reflect the financial performance of the company and also describes the financial objectives of the company (Crawford et al. 2012). The preparation of the financial reports also follow certain rules, principles and also certain standards. Overview of the Company Sirtex Medical Limited is an Australian company which is engaged in providing medical treatment to the society. The company specializes in radioactive treatment for inoperable liver cancer. The company was established in 1997 with its headquarter situated in Australia and the company mostly operates in Australia (Sirtex.com, 2018). The company also provides other kind of treatments of other types of cancer. Equities of Sirtex Medical Limited The different types of stocks which are present in the financial report of Sirtex Medical Limited are given below in details: Issued Capital: This refers to the number of shares issued by the company for collecting funds from the public which is also know as share capital (Bolton and Samama 2012.). The issued portion of this total shares is known as issued capital. The issued capital of Sirtex Medical Limited is about $32684000 in 2016 which is more than the previous year figure of issued capital of $27021000 (Sirtex.com, 2018). This increase in the issued capital of the company is because the company has made a fresh issue of shares in 2016. In 2015 the number of shares issued to the public was 56,530,231 and this increased to 57273893 in 2016 which shows that the company has issued new shares during the year. Reserves: This refers to the part of profit which the company keeps for a certain purpose which may be anything. There are specific reserves which has to be utilized for the purpose it was created and there is free reserves which the company can do anything withy this type of reserve (Avery and Kwast 2017). The balance sheet shows a reserve of $6656000 in 2016 which is much more than what was in 2015 that is $5615000. As per the notes to accounts the reserve figure is made up of share right reserve and foreign currency translation reserve. Retained Earnings: This is also a part of the profit which is kept in the business for either reinvestment or distribution among shareholders as dividends purposes. The retained earning has also increased from previous year which is showing $154164000 in 2016. Income Tax Expenditure of Sirtex Medical Ltd The income tax expenses for the year 2016 is shown at $16416000 which is more than the previous year tax expense figure which was $12423000 in 2015 (Sirtex.com, 2018). All the rules and regulations of tax laws prevailing in Australia are followed by the company. The components of the income tax expenses as shown in the notes of accounts are current tax which is to be paid, deferred tax and provisions which are related to previous years (Lee 2017). The reason for the increased level of increase income tax is that the current tax expenses of 2016 is $14671000 which is more than previous years tax figure of $8587000 in 2015 (Sirtex.com, 2018). However the deferred tax has reduced from the previous years figure. The provisions of 2015 show a positive figure whereas the provision of 2016 show a negative figure. Income Tax Rate and Structure The change in current income tax is due to the profit which the company has earned or adjusted from the net profit before tax. The tax which is followed by the company is either enacted from earlier or recently enacted till the reporting date. The weighted average tax rate which is shown by the company in the notes to account state the rate is 23.5%. Deferred tax is calculated from the balance sheet using the liability method. The deferred tax is to charged at the rate when the ssets or liabilities are realized. The company and its subsidiaries have formed an income tax consolidation group. The company also have foreign currency translation of tax balance. The company charges taxes at the corporate tax rate at the rate of 30%. The companys income tax is calculated on the basis of the corporate tax rate which is charged on the net income of the company after the various adjustments are made from the income. The figures which are adjusted with the income tax of the company are non detu ctible amortization and expenses and income, lower rate of tax rates in the overseas market, effect of foreign currency translation of tax balance, recognition of previous tax losses which was not recognized by the company earlier and effects of tax consolidation groups are also to be removed from the gross tax figure in order to get the net tax figure which is attributable to the company for the current year 2016. Deferred tax assets and liabilities of Sirtex Medical ltd The company has a deferred tax asset which is shown at $7795000 in 2016 and the same figure is shown at lesser amount in 2015 which is $5085000. The company also has a deferred tax liability of $24722000 in 2016 which is comparatively less than the figure of deferred tax liability which is shown in 2015 which is $20034000 (Sirtex.com, 2018). The deferred tax asset item includes tax losses, timing differences relating to fixed assets, employee provisions, unrealized foreign exchange losses and also some other components as well. The deferred tax liabilities consists of components such as timing differences which are related to capitalization of development expenditure, fixed assets and other components as well. These deferred tax assets and deferred tax liabilities are recorded in order to identify such components which makers up the deferred tax assets and liabilities. The users of the financial statements would be able to understand the different components of taxes which the compan y is required to pay and represent in the financial report. Tax assets and Tax Liabilities The company does have any current tax assets as the financial reports of the company shows none in both the years that is 2015 and 2016. However the company has a current tax liability which is shown at $7239000 in 2016 and the same is shown at $4746000 in 2015. The figure of income tax expense as shown in the statement of profit and loss account shows $16416000 and the current tax asset figure for the current year show a figure of $7239000. The figure of current tax liability may contain outstanding tax which the company needs to pay to the government. It comes in the liability side of the balance sheet whereas the income tax expense only relates to the current year expenses which the company must pay in full. Any outstanding part will then come under the current tax liability of the company. Difference in Income tax paid The income tax which the company needs to pay is shown in the statement of profit and loss account which is $16416000. The company has paid off $8134000 in the current year. the difference which occurs between the income tax expense and income tax actually paid may be due to the difference in payment criteria of the company. the company as per the income tax liability has paid off almost half of the liability. This shows that the company may be following half yearly payment systems which requires income tax payments to be made in two half or installments (Reynolds and Smolensky 2013). For the meantime the amount of income tax expenses which is not paid by the company will be treated as a current tax liability until the tax expenses liability is not cleared. Understanding the tax structure As per the analysis of the financial reports of Sirtex Medical ltd, the company follows corporate tax rate of 30% and has an effective weighted average tax rate of 23.5%. The company has an income tax expense of about $16416000 out of which half of the tax is paid by the company in the current year 2016 and the rest will be paid in a half year time which has been assumed. The company has a current tax liability but has no current tax assets. The company has both deferred tax assets and liabilities which is shown in the balance sheet which reflect certain timing differences in the tax treatments. The company has clearly reported all aspects in the balance sheet which could be of any use to the users. Conclusion The company Sirtex Medical ltd as per the above analysis has clearly mentioned and pointed out all the aspects of tax which the company has recorded in the financial statement. The balance sheet shows that the company tax expenditure is made up of current tax liability of the company as well as the deferred tax which the company can either use to set off or set on. Reference Avery, R. and Kwast, M., 2017. Money and Interest Rates under a Reserves Operating Target.Evolution,5, p.17. Bolton, P. and Samama, F., 2012. Capital access bonds: contingent capital with an option to convert.Economic Policy,27(70), pp.275-317. Crawford, L., Crawford, L., Extance, H., Helliar, C. and Power, D., 2012. Operating segments: The usefulness of IFRS 8. ICAS. Lee, D., 2017. Impact of the Medical Device Tax on Firm RD and Performance: Evidence from the Affordable Care Act. Reynolds, M. and Smolensky, E., 2013.Public expenditures, taxes, and the distribution of income: The United States, 1950, 1961, 1970. Academic Press. Sirtex.com. (2018).Sirtex - US. [online] Available at: https://www.sirtex.com [Accessed 24 Jan. 2018].